Perissos Private Wealth Management LLC Invests $891,000 in The Procter & Gamble Company (NYSE:PG)

Perissos Private Wealth Management LLC bought a new stake in The Procter & Gamble Company (NYSE:PG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,400 shares of the company’s stock, valued at approximately $891,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PG. Dimensional Fund Advisors LP grew its position in Procter & Gamble by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 9,691,925 shares of the company’s stock valued at $1,598,510,000 after acquiring an additional 733,440 shares during the period. Wealth Dimensions Group Ltd. boosted its stake in shares of Procter & Gamble by 7.3% in the 2nd quarter. Wealth Dimensions Group Ltd. now owns 164,673 shares of the company’s stock valued at $27,158,000 after purchasing an additional 11,247 shares in the last quarter. Black Diamond Financial LLC boosted its stake in shares of Procter & Gamble by 13.2% in the 2nd quarter. Black Diamond Financial LLC now owns 3,480 shares of the company’s stock valued at $574,000 after purchasing an additional 407 shares in the last quarter. Capital Wealth Planning LLC grew its holdings in shares of Procter & Gamble by 1.2% in the 2nd quarter. Capital Wealth Planning LLC now owns 2,952,455 shares of the company’s stock worth $486,919,000 after purchasing an additional 34,315 shares during the last quarter. Finally, Abound Wealth Management increased its position in shares of Procter & Gamble by 7.7% during the 2nd quarter. Abound Wealth Management now owns 1,950 shares of the company’s stock worth $322,000 after purchasing an additional 139 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on PG shares. JPMorgan Chase & Co. decreased their price objective on shares of Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. BNP Paribas initiated coverage on Procter & Gamble in a report on Monday, June 24th. They set an “outperform” rating and a $187.00 price target for the company. Royal Bank of Canada boosted their price objective on Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 31st. Jefferies Financial Group lowered Procter & Gamble from a “buy” rating to a “hold” rating and lowered their target price for the company from $182.00 to $175.00 in a research note on Wednesday, July 24th. Finally, DZ Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Thursday, August 29th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $175.79.

Procter & Gamble Stock Performance

PG stock opened at $174.08 on Monday. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $177.94. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51. The company has a market cap of $410.85 billion, a P/E ratio of 28.44, a price-to-earnings-growth ratio of 3.77 and a beta of 0.41. The business’s fifty day moving average is $169.38 and its 200-day moving average is $165.24.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.03. The firm had revenue of $20.53 billion for the quarter, compared to analyst estimates of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.37 earnings per share. Equities research analysts forecast that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.31%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s payout ratio is presently 65.85%.

Insiders Place Their Bets

In related news, CEO Jon R. Moeller sold 37,240 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total value of $6,289,463.60. Following the completion of the sale, the chief executive officer now owns 263,537 shares in the company, valued at approximately $44,508,763.93. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Procter & Gamble news, CEO R. Alexandra Keith sold 3,373 shares of Procter & Gamble stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $170.00, for a total value of $573,410.00. Following the transaction, the chief executive officer now owns 21,513 shares of the company’s stock, valued at $3,657,210. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jon R. Moeller sold 37,240 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total transaction of $6,289,463.60. Following the sale, the chief executive officer now owns 263,537 shares in the company, valued at $44,508,763.93. The disclosure for this sale can be found here. Over the last three months, insiders have sold 375,553 shares of company stock worth $63,829,141. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.